New division focused on accelerating innovation in solid state lithium ion batteries 

TORONTO, ON / ACCESSWIRE / June 23, 2021 / Electrovaya Inc. ("Electrovaya" or the "Company") (TSX:EFL; OTCQB:EFLVF), a lithium ion battery manufacturer with industry-leading performance and substantial intellectual property, today announced that it has established a new operating division: Electrovaya Labs. 

Image: https://www.accesswire.com/users/newswire/images/652804/image-2.png 

Electrovaya Labs will be focused on research, development, and commercialization of some of the fundamental technologies and intellectual property at Electrovaya. One key area of focus is the development of a solid state battery. 

Electrovaya has entered into a lease at a dedicated research and chemistry lab facility located at the Sheridan Science and Technology Park in Mississauga, Ontario, near the Company's headquarters. The lease allows Electrovaya Labs to use the laboratories in the facility, and work with some of the scientists and engineers on site. 

"Our new division will accelerate our technological advancement, not only by utilizing our talented research and development staff, but also by drawing on the expertise and support available in the research facilities at Sheridan Science and Technology Park," said Dr. Sankar Das Gupta, CEO of Electrovaya. "We have experience with solid state batteries, and are focused on keeping Electrovaya at the forefront of lithium ion battery safety and performance."